A loan is a temporary transfer of cash or book money from the lender to the borrower. The borrower is obliged to pay back the loan in the form of interest during the repayment period. In banking, the word credit is also known as the credit side of an account. The word credit comes from the Latin (credit) and means creditor.
Loan
Loans (personal loans) are granted exclusively to private individuals and are colloquially referred to as consumer credit, small loans, cash loans or personal loans. The legal framework for a loan is governed in Switzerland by the Consumer Credit Act (Konsumkreditgesetz, KKG).
The Swiss loan comparison portal Kreditvergleich.ch also lists commission-free loan offers in its open comparison and provides information on its website about all aspects of credit, including personal loans, SME loans, and mortgages. The current personal loan comparison, including loan conditions and details about the lenders, as well as the other currently displayed information, is available at any time free of charge and without requiring any data input.
